Yes, WMI wants the SJ! in its favor, of course.
The reason is then they will have the cash to go after FDIC and JPM, legally. Right now, WMI does not have a lot of cash for a prolonged battle.
With SJ, The 3/26 resolution date can be moved back.
1.WMI may not be in BK at that time.
2.A settlement may be offered be/ WMI has cash to fight.
3. EC lawyer wants more logged hrs on this case.
(They started 2/11, dont expect anything of substances from them until and after 3/11. Right now, they are collecting info-- DD. And, playing defense)
If SJ is in favor, this stk will be red hot between 3/11 and 3/26.
If Sj is not in favor, then look for JPM/FDIC to low ball again and try to resolve using minimal funds by 3/26. The WMI CEO contract also expires on 3/26.